Hi megamo, I really liked your constructive words, for sure backtesting is different than working on a demo account, but I was trying to backtest my system using a daily and hourly historycal data, it may give the same result as in demo. But for ...

GBP/USD simple breakout system

Hi Dutchie, Thank you for your great help, I really appreciate, that's what I want I need people who are interesting in this system to help bring out good ideas in order to develop this system, this is better than attacking and accusing other for ...

GBP/USD simple breakout system

Hi Ebenst, Thank you for your effort, there were only 2 losses in October 2006, one was on the 13th and the other was on the 18th, there were 24 winning trades (including 2 double win) and 2 losses in the month of October A small calculation 24 X 5 ...

GBP/USD simple breakout system

Hi okabija, I don't use any indicators to determine high and low, you can get it from the broker currency table 2- I haven't yet tested on other pairs, but I will, but I need first to develop this system

GBP/USD simple breakout system

Hi Pinggarcia, Spreads are not included in the TP, I've explained it here above Best regards

GBP/USD simple breakout system

Yes for the second time, if you don't understand this system, don't make this kind of effort to atack it and prove your wrong thoughts, if you have something usefull for the system to help in developing it, you are welcome, if not, I have nothing ...

GBP/USD simple breakout system

Hi Quick, The answer to your question is as follows, I'll use a simple example For eg. the high of the previous day for GBP/USD was 1.9950 and the low was 1.9850 So your orders will be as follows Buy entry order (not market order) @ 1.9950 TP 1.9955 ...

GBP/USD simple breakout system

This system as I mentioned is still under development, what I need to develop is the TP and the SL, and specially the SL But on the otherside although this is not the final setup of it but it is a profitable system These are some statistics ...

GBP/USD simple breakout system

Hi aelimian, I use FXCM It's not a set and forget system Unfilled orders are cancelled at the end of each day

GBP/USD simple breakout system

Hi dunningduke Sure I pay spreads

GBP/USD simple breakout system

Scripes, Better than acting smart and accusing me that these results are not true, I mentioned here in a previous post that for anyone who wants to check for the results to bring a daily hystorycal data since september 2005 up todate, and you will ...

GBP/USD simple breakout system

Will test it on other pairs specially GBP/JPY, but as I mentioned before this is not the final setup of it, it still needs more development

GBP/USD simple breakout system

I already tested it as you posted but it didn't work as good as of my system

GBP/USD simple breakout system

Hi Shutterbug, I use the high and the low of the day, at the end of the US session, Midnight GMT Yes I use Friday price, the high and the low of friday for example I used the high and the low of the last friday : The High and the low of the day was ...

GBP/USD simple breakout system

But if we made a small calculation For TP 5 No. of win = 288 X 5 pips(TP) X 5 lots = $7200 No of loss = 26 x 30 pips(SL) X 5 lots = $3900 P/L = 7200 -3900 = $3300 For TP 10 No. of win = 266 X 10 pips(TP) X 5 lots = $13300 No. of loss = 41 X 30 ...

GBP/USD simple breakout system

DrainBamage, Yes I have the results for 10 TP, 266 win and 41 loss since september 2006 till the 11th of May 2007[/quote] But if we made a small calculation For TP 5 No. of win = 288 X 5 pips(TP) X 5 lots = $7200 No of loss = 26 x 30 pips(SL) X 5 ...

GBP/USD simple breakout system

Howard, It's different than the SRDC, since in SRDC we add 7 pips to the high and subtract 7 pips from the low, but in my system I take the high and the low as they are DrainBamage, Yes I have the results for 10 TP, 266 win and 41 loss since ...

GBP/USD simple breakout system

Thank you, this system needs more development, this is not the final setup, it would be nice if someone could post his/her ideas or a way to develop this system in a way to make it less risky and to gain more pips

GBP/USD simple breakout system

Short term downtrend Medium term sideways Long term uptrend

Cable Update (GBPUSD)